Patton Albertson Miller Group LLC Boosts Stake in JPMorgan Chase & Co. (NYSE:JPM)

Patton Albertson Miller Group LLC lifted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 12.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,225 shares of the financial services provider's stock after purchasing an additional 5,314 shares during the quarter. JPMorgan Chase & Co. accounts for about 1.3% of Patton Albertson Miller Group LLC's portfolio, making the stock its 15th biggest position. Patton Albertson Miller Group LLC's holdings in JPMorgan Chase & Co. were worth $8,033,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Curbstone Financial Management Corp boosted its holdings in shares of JPMorgan Chase & Co. by 0.3% in the 4th quarter. Curbstone Financial Management Corp now owns 23,930 shares of the financial services provider's stock worth $4,070,000 after buying an additional 60 shares during the last quarter. Grey Street Capital LLC boosted its stake in JPMorgan Chase & Co. by 0.9% in the fourth quarter. Grey Street Capital LLC now owns 6,994 shares of the financial services provider's stock valued at $1,190,000 after acquiring an additional 60 shares during the last quarter. Financial Management Network Inc. grew its position in shares of JPMorgan Chase & Co. by 0.8% during the 4th quarter. Financial Management Network Inc. now owns 7,523 shares of the financial services provider's stock valued at $1,296,000 after acquiring an additional 61 shares during the period. Sendero Wealth Management LLC increased its stake in shares of JPMorgan Chase & Co. by 1.1% during the 4th quarter. Sendero Wealth Management LLC now owns 5,811 shares of the financial services provider's stock worth $988,000 after purchasing an additional 62 shares during the last quarter. Finally, Raleigh Capital Management Inc. raised its holdings in shares of JPMorgan Chase & Co. by 0.8% in the 3rd quarter. Raleigh Capital Management Inc. now owns 8,151 shares of the financial services provider's stock worth $1,182,000 after purchasing an additional 64 shares during the period. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Price Performance

JPM stock traded up $2.78 during midday trading on Tuesday, reaching $201.51. The company had a trading volume of 8,483,302 shares, compared to its average volume of 9,206,629. The firm has a 50-day moving average price of $192.71 and a 200-day moving average price of $174.77. The company has a market capitalization of $578.67 billion, a P/E ratio of 12.17, a P/E/G ratio of 2.45 and a beta of 1.13. JPMorgan Chase & Co. has a 1 year low of $133.96 and a 1 year high of $201.58. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.92.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.18 by $0.45. The company had revenue of $41.93 billion during the quarter, compared to the consensus estimate of $40.90 billion. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. On average, research analysts anticipate that JPMorgan Chase & Co. will post 16.21 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th were issued a $1.15 dividend. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.05. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend was Thursday, April 4th. JPMorgan Chase & Co.'s dividend payout ratio is presently 27.78%.

Wall Street Analysts Forecast Growth

JPM has been the subject of several research reports. Wells Fargo & Company increased their price objective on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an "overweight" rating in a report on Wednesday, March 20th. The Goldman Sachs Group reissued a "buy" rating on shares of JPMorgan Chase & Co. in a report on Thursday, February 1st. Keefe, Bruyette & Woods boosted their price objective on JPMorgan Chase & Co. from $182.00 to $195.00 and gave the company a "market perform" rating in a research note on Friday, April 5th. Jefferies Financial Group increased their target price on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a "buy" rating in a research report on Monday, April 8th. Finally, UBS Group reduced their target price on shares of JPMorgan Chase & Co. from $226.00 to $219.00 and set a "buy" rating for the company in a research note on Tuesday, April 16th. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $192.05.

Insider Activity

In related news, CEO Jennifer Piepszak sold 1,648 shares of the business's stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $178.96, for a total value of $294,926.08. Following the completion of the sale, the chief executive officer now owns 32,819 shares in the company, valued at approximately $5,873,288.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Jennifer Piepszak sold 1,648 shares of JPMorgan Chase & Co. stock in a transaction on Friday, February 16th. The shares were sold at an average price of $178.96, for a total value of $294,926.08. Following the transaction, the chief executive officer now owns 32,819 shares in the company, valued at approximately $5,873,288.24. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Vice Chairman Peter Scher sold 1,810 shares of the company's stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $178.96, for a total transaction of $323,917.60. Following the sale, the insider now owns 44,956 shares of the company's stock, valued at $8,045,325.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,078,240 shares of company stock worth $197,968,219. 0.79% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.